Etherfi (ETHFI) is a decentralized, non-custodial delegated staking protocol introduced as the 49th project on Binance Launchpool. Etherfi's operation model focuses on maximizing the efficiency and rewards of Ethereum staking while fostering a decentralized, secure, and integrated DeFi ecosystem. By allowing users to stake ETH, earn rewards, participate in governance, and leverage their staked assets across DeFi, Etherfi aims to contribute to the broader Ethereum and DeFi communities.
The initial circulating supply is set at 115.2 million ETHFI, representing 11.52% of the max token supply. The protocol emphasizes decentralization, allowing stakers to maintain control over their keys and reducing counterparty risks associated with node operators and the protocol itself.
Etherfi also highlights its partnership with EigenLayer to enhance restaking capabilities, aiming to maximize rewards for stakers by leveraging Ethereum's proof-of-stake mechanism for securing other networks and protocols. The project focuses on integrating with the DeFi ecosystem, aiming to provide users with superior staking and restaking rewards while facilitating seamless integration with DeFi applications.
